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Question - On January 2, 2016, Alpha Company acquired a new machine by signing a 5 year note for $62,000. The estimated service life is eight years and the total units of output to be 200,000. The estimated residual value is $0,000. Production for the first four years was as follows:
Year
Units
2016
25,000
2017
30,000
2018
35,000
2019
20,000
Using the units-of-output method, how much is: (Enter only whole dollar values.)
1. The 2018 depreciation expense.
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